A former general manager of New India Co-operative Bank, Hitesh Pravinchand Mehta, was allegedly found involved in siphoning ...

Under current rules, deposits of up to ₹5 lakh are insured in case a bank fails, and should be paid within 90 days. The RBI ...

Mumbai: The Economic Offences Wing (EOW) of Mumbai Police has uncovered shocking details in its probe into the ₹122 crore ...

The Reserve Bank of India is working on a plan to allow depositors of troubled New India Co-operative Bank to make special ...

Union Cooperation Minister Amit Shah emphasized the importance of India's cooperative sector at a Pune event, advocating for ...

Mumbai police’s Economic Offences Wing (EOW) has arrested former New India Co-operative Bank CEO Abhimanyu Bhoan, 45, in ...

The Reserve Bank of India (RBI) on Friday superseded the cooperative lender's board for a year and appointed an administrator ...

The Urban Cooperative Banks (UCBs) sector is under scrutiny following regulatory actions, with 1,472 banks and significant ...

Former New India Coop Bank GM Hitesh Mehta is suspected of misappropriating Rs 122 crore by directing staff to distribute ...

On February 14, the Reserve Bank of India (RBI) imposed restrictions on Mumbai-based New India Cooperative Bank Ltd over ...

During an RBI inspection on February 12, Rs 112 crore was found missing from the bank's Prabhadevi branch, and an additional ...

The bank's general manager allegedly withdrew cash from the bank's Prabhadevi and Goregaon branches, siphoning off funds ...